Saturday, May 15, 2010

Important Notice for Non Profits

I came across this article today and nearly fell off my chair! Having run a small non profit for years, I didn't even know about the requirement to file this form which is due by Monday. Apparently if it is not filed, the small non profit will not be able to offer their donors tax deductible donations AND they will be required to pay taxes on any donation they receive this year AND they won't find about this whole tax mess until next January. Scary!

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